Banking Awareness Quiz

Banking Awareness Quiz 

1.Pension Fund Regulatory and Development Authority (PFRDA) is authorized by?
A. GOI
B. RBI
C. Ministry of Commerce
D. Ministry of Finance
E. SEBI

2.The headquarters of Pension Fund Regulatory and Development Authority (PFRDA) is?

A. Mumbai
B. Hyderabad
C. New Delhi
D. Bangalore
E. None of these

3.PFRDA is responsible for the appointment of which of the following agency?

A. Pension Fund Managers
B. Custodian
C. NPS Trustee Bank
D. Central Record Keeping Agency (CRA)
E. All of these

4.Which of the following became the first state to implement NPS for its newly appointed employees from the financial year 2003–04?

A. Andhra Pradesh
B. Karnataka
C. Kerala
D.Odisha
E. Tamil Nadu

5.PFRDA has set up a Trust under the which of the following act to oversee the functions of the Pension Fund Managers (PFMs)?

A. Negotiable Instruments Act 1881
B. Co-operative Societies Act 1912
C. Provident Funds Act 1925
D. Indian Trusts Act, 1882
E. Tokyo Stock Exchange

6.Who among the following is the guardian of the PFRDA, subject to his Financial Emergency Powers, as per the Articles of Indian Constitution?

A. Vice President
B. Prime Minister
C. President
D. GOI
E. None of these

7.Which of the following allowed Non-Resident Indians (NRI) to subscribe to NPS?

A. SEBI
B. EXIM Bank
C. GOI
D. RBI
E. None of these

8.NPS is based on ________ created for individual members.

A. Current Account
B. RD Account
C. SB Account
D. FD account
E. PRAs

9.Which of the following is a Central Recordkeeping Agency For National Pension System?

A. RBI
B. FICCI
C. ARCIL
D. NSDL
E. None of these

10.Which of the following acting as POPs and Aggregators?

A. NBFCs
B. Public Sector Banks
C. Private Sector Banks
D. All of these
E. None of these

ANSWERS

1)D

2)C

3)E

4)E

5)D

6)C

7)D

8)E

9)D

10)D